Real Estate

Real Estate Receives 5% Of Ny Ppp Loans

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The federal Paycheck Protection Program (PPP) has been hailed as a life saver for small businesses in New York. But not all sectors have benefited equally. New York has distributed $1.5 billion since April 2020 to real estate, rental and leasing companies. That’s just 4.6 percent of the total amount disbursed in the state, according to a February analysis by Comptroller Thomas DiNapoli’s office. Those loans were distributed among 22,000 participants, with the average size The post Real estate receives just 5% of New York’s PPP loans appeared first on The Real Deal New York.

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